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Started By
Message
re: Your 401K is getting destroyed
Posted on 6/13/22 at 2:48 pm to Allthatfades
Posted on 6/13/22 at 2:48 pm to Allthatfades
quote:
but I feel for these people who were only a year or so away from retiring.
Then their asset allocation should reflect that
0
Posted on 6/13/22 at 2:49 pm to TDsngumbo
Spleen will be on here telling you that you shouldn't expect to have such a high standard of living. Your portfolio should belong to everyone.
Posted on 6/13/22 at 2:49 pm to Allthatfades
Joke’s on you, I don’t have a 401k!
Posted on 6/13/22 at 2:50 pm to The Spleen
Don’t need one when you’re on government assistance
Posted on 6/13/22 at 2:51 pm to Allthatfades
I’m 100% in government securities (TSP). While I’m not making anything, I’m also not losing either.
My two homes on the other hand have turned me into a real estate millionaire.
My two homes on the other hand have turned me into a real estate millionaire.
Posted on 6/13/22 at 2:51 pm to Allthatfades
I am fortunate. I am at an age where I don’t need to look. If any of you Baws are over 60, cheers to you and I wish you luck.
Posted on 6/13/22 at 2:51 pm to Allthatfades
Can’t get destroyed if you don’t have one
Posted on 6/13/22 at 2:52 pm to UltimaParadox
Not bad for those who took out a 401k loan. Their payments are buying more shares now than they were before.
Posted on 6/13/22 at 2:53 pm to TexasTiger89
quote:
I am 59 and diversified but I have still lost a lot.
I'm closing in on 60, mine's sucking pretty hard right now.
This post was edited on 6/13/22 at 2:54 pm
Posted on 6/13/22 at 2:54 pm to Allthatfades
I have easily lost 20-25% of my 401k balance since January 1.
I’m trying to not think about it.
Also……
FJB
I’m trying to not think about it.
Also……
FJB
Posted on 6/13/22 at 2:54 pm to RogerTheShrubber
Just made the mistake of logging into mine. I'm 43 and lost $7,000 so far today
Posted on 6/13/22 at 2:55 pm to Allthatfades
Yet this country will continue to vote in people like Joe Biden. As far as I am concerned, there needs to be a revolution of some sort... not necessarily an armed insurrection. More like every Senator and Congressman needs to be told no longer have a job and we start over.
This post was edited on 6/13/22 at 3:02 pm
Posted on 6/13/22 at 2:56 pm to Allthatfades
Yes it is. YTD I’m down almost 20%. These bastards don’t care about us though.
Posted on 6/13/22 at 2:57 pm to Cracker
quote:
Boomers getting screwed darn it
The younger generation will be whining soon because less boomers are retiring.
Wait for it…..
Posted on 6/13/22 at 2:58 pm to Big Gorilla
quote:
My plan is to work 10 years after I am dead. Its a solid strategy.
And you can vote for at least 20 years after.
Posted on 6/13/22 at 2:58 pm to SportsGuyNOLA
quote:
I have easily lost 20-25% of my 401k balance since January 1.
Why did you do that? Did you listen to the experts who told you to buy and hold forever? Market averages? Etc…..
Posted on 6/13/22 at 2:59 pm to Allthatfades
Reminder: if you are within 2-3 years of a financial goal, you should plan your risk accordingly (ie, less stock exposure).
Posted on 6/13/22 at 3:01 pm to LSU alum wannabe
quote:Yeah, I wouldn't look at during the boom and I damn sure won't look at it during the bust.
I am fortunate. I am at an age where I don’t need to look. If any of you Baws are over 60, cheers to you and I wish you luck.
I've got plenty of time to see it bounce back.
Posted on 6/13/22 at 3:02 pm to UltimaParadox
They probably weren't holding 100% stocks in their portfolio
I moved my stuff out of the market months ago. They put it in bonds. I am still taking a beating. They are purposely destroying the economy to begin the great reset. Cash will be paper. All money as we know it won't exist. They know what's best for you. You will be on equal footing as the third world people.
I moved my stuff out of the market months ago. They put it in bonds. I am still taking a beating. They are purposely destroying the economy to begin the great reset. Cash will be paper. All money as we know it won't exist. They know what's best for you. You will be on equal footing as the third world people.
Posted on 6/13/22 at 3:08 pm to Allthatfades
let's go brandon!
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